17 Banks Ace Fed Stress Test, Only Ally Fails

Law360, New York (March 7, 2013, 7:11 PM EST) -- The Federal Reserve on Thursday announced that nearly every one of a group of 18 top U.S. banks has large enough capital reserves to withstand a severe economic downturn, with beleaguered Ally Financial Inc. the only outlier.

The results were part of the Fed's Comprehensive Capital Analysis and Review program, which is mandated by the sweeping Dodd-Frank Act and designed to determine whether those companies would survive a financial shock worse than the 2008 financial crisis.

"The nation's largest bank holding companies have continued to improve...
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